Venezuelan oil exports progressing slowly under supply deal with U.S.
Venezuelan oil exports under a flagship $2 billion supply deal with the U.S. reached about 7.8 million barrels on Wednesday, vessel-tracking data and ...
European and Ukrainian leaders have launched an International Claims Commission in The Hague to seek compensation for damage caused by Russia’s war on Ukraine. The move, backed by European partners, targets losses worth hundreds of billions of dollars linked to Russian attacks and alleged war crimes
The move, endorsed by 35 countries, targets hundreds of billions of dollars in losses from Russian attacks and alleged war crimes.
Ukrainian President Volodymyr Zelenskyy attended the signing alongside Dutch Prime Minister Dick Schoof, European Union foreign policy chief Kaja Kallas, and foreign ministers from Moldova and other European partners. The one-day conference was co-hosted by the Netherlands and the Council of Europe.
“This war and Russia’s responsibility for it must become a clear example so that others learn not to choose aggression,” Zelenskyy said. “Every Russian war crime must have consequences for those who committed them. We expect that every mechanism, from the Register of Damage and Claims Commission to actual payments, will start working with strong international support so that people can truly feel that any kind of damage caused by the war can be compensated.”
The commission is tasked with reviewing reparation claims and determining amounts to be paid. It follows the creation of a Register of Damages about two years ago, which has already received over 80,000 claims from Ukraine.
Discussions on how damages will be financed are ongoing. EU countries have frozen hundreds of billions of euros of Russian assets, and these are being considered as a potential source for compensation, although no transfers have yet been legally authorised. Belgium, which hosts the international deposit organisation Euroclear holding most of the frozen assets, has expressed concerns about potential legal repercussions.
Dutch Foreign Minister David van Weel said the launch marked “a big step” towards accountability. “Without accountability, a conflict cannot be fully resolved. And part of that accountability is also paying damages that have been done,” he added.
The commission’s launch coincides with renewed U.S.-led diplomatic efforts to end the conflict. U.S. President Donald Trump said on Monday that an agreement to end the war was “closer than ever” following discussions with the leaders of Ukraine, France, Germany, the United Kingdom, and NATO.
The World Bank estimates that reconstruction costs in Ukraine from damage caused by Russia up to December 2024 totalled $524 billion, nearly three times Ukraine’s economic output that year. This figure does not include additional damage from attacks on utilities and critical infrastructure in 2025.
Several locally-developed instant messaging applications were reportedly restored in Iran on Tuesday (20 January), partially easing communications restrictions imposed after recent unrest.
There was a common theme in speeches at the World Economic Forum on Tuesday (20 January). China’s Vice-Premier, He Lifeng, warned that "tariffs and trade wars have no winners," while France's Emmanuel Macron, labelled "endless accumulation of new tariffs" from the U.S. "fundamentally unacceptable."
Dozens of beaches along Australia's east coast, including in Sydney, closed on Tuesday (20 January) after four shark attacks in two days, as heavy rains left waters murky and more likely to attract the animals.
U.S. President Donald Trump said Washington would “work something out” with NATO allies on Tuesday, defending his approach to the alliance while renewing his push for U.S. control of Greenland amid rising tensions with Europe.
At the World Economic Forum’s “Defining Eurasia’s Economic Identity” panel on 20 January 2026, leaders from Azerbaijan, Armenia and Serbia discussed how the South Caucasus and wider Eurasian region can strengthen economic ties, peace and geopolitical stability amid shifting global influence.
Venezuelan oil exports under a flagship $2 billion supply deal with the U.S. reached about 7.8 million barrels on Wednesday, vessel-tracking data and documents from state-run PDVSA showed.
A fire alarm prompted the partial evacuation of the Davos Congress Centre on Wednesday evening while Donald Trump was inside the building attending the World Economic Forum, Swiss authorities said.
Kazakhstan has yet to receive results from two foreign laboratories examining evidence linked to the crash of an Azerbaijan Airlines aircraft near Aktau, delaying the publication of the final investigation report, officials said.
Russian President Vladimir Putin said on Wednesday that Moscow could pay $1 billion from Russian assets frozen abroad to secure permanent membership in President Donald Trump’s proposed ‘Board of Peace’.
At least eight Nigerian soldiers were killed and around 50 wounded after Islamist Boko Haram fighters attacked a military position in Borno State in northeastern Nigeria, security sources said on Wednesday.
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